New Jersey, NewYork, Connecticut with Biggest Annual ActivityIncreasesForeclosure ActivityIncreases From September in 53 Percent of U.S. Metros

IRVINE,Calif. – Nov. 15, 2012 — RealtyTrac® (www.realtytrac.com), theleading online marketplace for foreclosure properties, today released its U.S.Foreclosure Market Report™ for October 2012, which shows foreclosure filings —default notices, scheduled auctions and bankrepossessions — were reported on 186,455 U.S. properties in October,an increase of 3 percent from September but still down 19 percent from October2011. The report also shows one in every 706 U.S. housing units with aforeclosure filing during the month.

“We continued to seevastly different foreclosure trends across the country in October, dependingprimarily on how each state’s foreclosing infrastructure was able to handle thehigh volume of delinquent loans during the worst of the foreclosure crisis in2010,” said Daren Blomquist, vice president of RealtyTrac.”Unfortunately thethree states dealing with the biggest rebound in deferred foreclosure activity— New Jersey, New York and Connecticut — also had to deal with the devastationto homes inflicted by super storm Sandy. The foreclosure moratoriums being putinto effect as a result of the storm will likely extend the already-lengthytime to foreclose in these states, further prolonging a fundamentally soundhousing recovery.”

High-level findings from thereport:

The three states with thebiggest annual increases in foreclosure activity in October were New Jersey(140 percent), New York (123 percent) and Connecticut (41 percent). Otherstates with sizable increases were Maryland (27 percent), Ohio (24 percent) andIllinois (19 percent).

An analysis offoreclosure activity and inventory in the counties most impacted by super stormSandy in Connecticut, New Jersey and New York shows foreclosure activity inOctober was down 8 percent from September but up 92 percent from a year ago,and an estimated $41 billion in foreclosure inventory in thosecounties.

Florida posted the nation’shighest foreclosure rate for the second month in a row, with one in every 312housing units with a foreclosure filing in October, followed by Nevada,Illinois, California and Arizona.

Analysisof foreclosure activity and rates in counties impacted by SandyInthe 34 counties in Connecticut, New Jersey and New York that are being givenindividual assistance by FEMA, a total of 6,380 properties had foreclosurefilings in October, down 8 percent from September but an increase of 92 percentfrom October 2011. Despite the sharp year-over-year increase,the foreclosure rate in those counties combined was less than half the nationalaverage: one in every 1,467 housing units with a foreclosure filing.

As of the end of October, total inventory of properties in some stageof foreclosure or bank owned in these counties was 124,608, up 15 percent fromthe previous month and up 54 percent from October 2011. The estimated combinedmarket value of foreclosure inventory in the impacted counties was more than$41 billion.

Fannie Mae owned the biggest percentage of REOinventory of any lender in the impacted counties in all three states, with 29percent in New York, 25 percent in New Jersey, and 22 percent in Connecticut.Other lenders with large percentages of REO inventory in the impacted countiesincluded Wells Fargo, US BankCorp and DeutscheBank.

Foreclosure starts increase from previousmonth, down from a year agoForeclosure starts — defaultnotices or scheduled foreclosureauctions, depending on the state — were filed for the first time on89,209 U.S. properties in October, a 2 percent increase from September butstill down 19 percent from October 2011 — the third straight month with anannual decrease in foreclosure starts.

Foreclosurestarts increased from a year ago in 15 states, including New Jersey (286percent), Washington (163 percent), New York (163 percent), Pennsylvania (42percent), North Carolina (38 percent), and Nevada (20 percent).

Bank repossessionsdecrease annually for 24th straight monthLenderscompleted the foreclosure process on 53,478 U.S. properties in October, downless than 1 percent from the previous month but down 21 percent from October2011 — the 24th straight month with an annual decrease in REO activity.

States with some of the biggest annual increases inREO activity included Connecticut (44 percent), Maryland (38 percent), SouthCarolina (37 percent), New York (33 percent) and Georgia (22 percent).

Florida,Nevada, Illinois post highest state foreclosureratesFloridaregistered the nation’s highest state foreclosure rate for the second month ina row. One in every 312 Florida housing units had a foreclosure filing inOctober — more than twice the national average. A total of 28,783 Floridaproperties had a foreclosure filing in October, up 2 percent from the previousmonth and a 12-month high, but the October 2012 total was still 13 percentbelow the October 2011 total.

A 41 percent monthly increasein overall foreclosure activity helped push the Nevadaforeclosure rate to the second highest in the nation in October, upfrom the nation’s fifth highest foreclosure rate in September. One in every 352Nevada housing units had a foreclosure filing during the month, twice thenational average. Foreclosure starts (NOD) in Nevada increased 54 percent fromthe previous month and were up 20 percent from a year ago — the first annualincrease in Nevada foreclosure starts after 32 consecutive months of annualdecreases. Nevada REOs increased 69 percent from the previous month but werestill down 50 percent from a year ago.

One in every 356 Illinoishousing units had a foreclosure filing in October, the nation’s third higheststate foreclosure rate. A total of 14,899 Illinois properties had a foreclosurefiling during the month, a 6 percent increase from the previous month and a 19percent increase from a year ago — the 10th consecutive month where Illinoisdocumented an annual increase in foreclosure activity.

Reportmethodology The RealtyTrac U.S. Foreclosure Market Report providesa count of the total number of properties with at least one foreclosure filingentered into the RealtyTrac database during the month — broken out by type offiling. Some foreclosure filings entered into the database during the month mayhave been recorded in previous months. Data is collected from more than 2,200 countiesnationwide, and those counties account for more than 90 percent of the U.S.population. RealtyTrac’s report incorporates documents filed in all threephases of foreclosure: Default — Noticeof Default (NOD) and LisPendens (LIS); Auction — Notice of Trustee’s Saleand Notice of Foreclosure Sale (NTS and NFS); and RealEstate Owned, or REOproperties (that have been foreclosed on and repurchased by a bank).The report does not count a property again if it receives the same type offoreclosure filing multiple times within the estimated foreclosure timeframefor the state where the property is located.

†ForeclosureStarts are the first public notice of foreclosure, either NOD, LIS or NTSdepending on the state

ReportLicense The RealtyTrac U.S. ForeclosureMarket Report is the result of a proprietary evaluation of information compiledby RealtyTrac; the report and any of the information in whole or in part canonly be quoted, copied, published, re-published, distributed and/orre-distributed or used in any manner if the user specifically referencesRealtyTrac as the source for said report and/or any of the information setforth within thereport.

OrderCustomized ReportsDetailed and historical foreclosuredata used to create the above report may be purchased through the RealtyTracData Licensing Department at 949.502.8300 Ext. 158. Aggregate data is availableat the state, metro, county and zip code levels dating back to 2005, andaddress-level foreclosure records are also availablehistorically.

About RealtyTracInc.RealtyTrac (www.realtytrac.com) is theleading supplier of U.S. real estate data, with more than 1.5 million activedefault, foreclosure auction and bank-ownedproperties, and more than 1 million active for-sale listings on its website,which also provides essential housing information for more than 100 millionhomes nationwide. This information includes property characteristics, taxassessor records, bankruptcy status and sales history, along with 20 categoriesof key housing-related facts provided by RealtyTrac’s wholly-owned subsidiary,Homefacts®.RealtyTrac’s foreclosurereports and other housing data are relied on by the Federal Reserve,U.S. Treasury Department, HUD, numerous state housing and banking departments,investment funds as well as millions of real estate professionals andconsumers, to help evaluate housing trends and make informed decisions aboutreal estate.

About RealtyTrac

RealtyTrac® is the leading provider of comprehensive housing data and analytics for the real estate and financial services industries, Federal, state and local governments, academic institutions, and the media. Data is aggregated from parcel-level records of more than 125 million U.S. residential and commercial properties and delivered through customizable products including bulk file licensing, APIs and custom reports.